Analysts Set Trinity Industries, Inc. (NYSE:TRN) Price Target at $30.00

Shares of Trinity Industries, Inc. (NYSE:TRN) have received an average recommendation of “Moderate Buy” from the four brokerages that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $31.00.

Several equities analysts recently weighed in on the stock. Susquehanna raised their target price on shares of Trinity Industries from $30.00 to $34.00 and gave the company a “positive” rating in a research note on Thursday. TD Cowen raised their target price on shares of Trinity Industries from $30.00 to $33.00 and gave the company a “buy” rating in a research note on Thursday.

Trinity Industries Price Performance

NYSE TRN opened at $30.44 on Thursday. Trinity Industries has a 12-month low of $20.04 and a 12-month high of $30.65. The company has a quick ratio of 0.78, a current ratio of 1.88 and a debt-to-equity ratio of 4.55. The firm’s 50 day moving average is $26.67 and its 200-day moving average is $25.59. The company has a market capitalization of $2.49 billion, a PE ratio of 20.43 and a beta of 1.39.

Trinity Industries (NYSE:TRN) last released its earnings results on Wednesday, May 1st. The transportation company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.07. Trinity Industries had a net margin of 3.98% and a return on equity of 10.93%. The business had revenue of $809.60 million during the quarter, compared to analysts’ expectations of $750.97 million. During the same period last year, the business earned $0.07 earnings per share. The firm’s revenue was up 26.2% on a year-over-year basis. Equities research analysts anticipate that Trinity Industries will post 1.46 earnings per share for the current fiscal year.

Trinity Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Monday, April 15th were given a dividend of $0.28 per share. The ex-dividend date of this dividend was Friday, April 12th. This represents a $1.12 dividend on an annualized basis and a yield of 3.68%. Trinity Industries’s dividend payout ratio (DPR) is 75.17%.

Insiders Place Their Bets

In other Trinity Industries news, CFO Eric R. Marchetto sold 9,781 shares of Trinity Industries stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of $28.00, for a total transaction of $273,868.00. Following the completion of the transaction, the chief financial officer now directly owns 233,704 shares of the company’s stock, valued at $6,543,712. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 1.60% of the company’s stock.

Institutional Investors Weigh In On Trinity Industries

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Huntington National Bank lifted its holdings in shares of Trinity Industries by 61.8% during the third quarter. Huntington National Bank now owns 1,382 shares of the transportation company’s stock worth $34,000 after buying an additional 528 shares in the last quarter. Twelve Points Wealth Management LLC raised its stake in Trinity Industries by 1.7% during the fourth quarter. Twelve Points Wealth Management LLC now owns 32,051 shares of the transportation company’s stock worth $852,000 after acquiring an additional 528 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in Trinity Industries by 10.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 8,008 shares of the transportation company’s stock worth $213,000 after acquiring an additional 764 shares in the last quarter. TFO Wealth Partners LLC raised its stake in Trinity Industries by 22,360.0% during the fourth quarter. TFO Wealth Partners LLC now owns 1,123 shares of the transportation company’s stock worth $30,000 after acquiring an additional 1,118 shares in the last quarter. Finally, ICA Group Wealth Management LLC bought a new stake in shares of Trinity Industries during the fourth quarter worth about $32,000. Institutional investors and hedge funds own 86.57% of the company’s stock.

About Trinity Industries

Trinity Industries, Inc provides rail transportation products and services under the TrinityRail name in North America. It operates in two segments, Railcar Leasing and Management Services Group, and Rail Products Group. The Railcar Leasing and Management Services Group segment leases freight and tank railcars; originates and manages railcar leases for third-party investors; and provides fleet maintenance and management services.